Stock dividend-Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $32 per share. tions Preferred stock Common stock (11,000...

Extracted text: Stock dividend-Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $32 per share. tions Preferred stock Common stock (11,000 shares at $2 par) Paid-in capital in excess of par Retained earnings $110,000 22,000 330,000 120,000 Total stockholders' equity $582,000 a. Show the effects on Columbia of a 10% stock dividend. b. In light of your answers to part a, discuss the effects of stock dividend on stockholders' equity. a. The preferred stock of Columbia after a 10% stock dividend is $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. 5 parts remaining Clear All Check Answer pe here to search